DKV Home Insurance

If you are a tenant, it is also essential to have Civil Liability insurance (CL) to protect yourself against damages that you may cause to the property of the owner or third parties (neighbours, etc.). However, you must bear in mind that if, for example, there is a fire in the kitchen, in addition to the damages caused to your property, the lightwell or the other property's may be damaged due to the smoke. The injured third parties or their insurance companies will hold you responsible for the damages caused. Therefore, the most important form of cover is CL insurance, which is included when you insure the contents of your home. When you do so, you must value your personal belongings as well as the items under your responsibility in the home. In other words, you must include all the contents of the home including fixed kitchen furniture. 

To calculate the value of the buildings and the cost of insurance, we need to know: type of property, quality of the property, constructed area and the province.

The capital is subscribed for the entire property (including the quota share of the co-ownership if the property belongs to a community governed by horizontal property regulations).

Regarding the value of the contents, DKV Hogar covers replacement costs in accordance with the general terms and conditions. However, to do this, policyholders (as it is their own subjective evaluation), with the help of a broker or at their nearest insurance branch, must establish sufficient funds to replace all the contents of their home in the event of a claim, including fixed kitchen and bathroom furniture.

Since fixed kitchen and/or bathroom furniture forms part of the contents, for an average flat which is the main residence and is inhabited by three or four people, we suggest that you insure the contents for at least 25,000 to 30,000 euros.

Yes, it is very important. By insuring the buildings, the policy will cover you, as the homeowner, for property civil liability against the tenant and third parties, as well as all the guarantees, such as fire, water damage, burglary, etc. 
 

Of course, you can insure your home if you wish. Contrary to what you might think, although the homeowners association insurance covers the building, this does not mean that all parts are automatically insured. In addition to the private areas, it is necessary to insure the furniture, as it is not covered by the homeowners association insurance. As if this were not enough, your Civil Liability as an occupant of the property is not covered either, as neither is family civil liability. Therefore, private insurance is necessary if the occupant, owner or tenant wants peace of mind and to properly protect both their home and their liabilities to third parties.

If you have insured the furniture or contents of your home, this also covers the liabilities that you may incur as a dog owner, with the exception of dogs deemed dangerous by the law.

The best thing is to make the change upon its renewal. You have to notify your insurance company that you want to cancel your policy with one month's notice. Once you have completed this procedure, you can take out your new home insurance policy, indicating the date on which you want it to become effective, so you are always protected and do not pay extra.

If you already have a DKV home insurance policy, but you would like to change the capital sums or add a cover or you change residence, you can adapt your policy to the new situation. Ask any of our agents or brokers, by telephone or at any branch, about all the available options.

A set of factors will determine the final price of your home insurance: the type of property, capitals contracted, province, constructed area, quality of the property's finishes and the property's security measures.

On maturity or when taking out the policy, you can choose from three payment methods: yearly, half-yearly or quarterly. There is a minimum amount required in order to pay in instalments, ask your agent, broker or branch.

Yes. You are not required to take out home insurance with the bank that you signed the mortgage. You can choose freely with which insurance company you want to take out the insurance for your home.

In the case of DKV Hogar insurance, up to 100% of the sum insured for material damage caused to the contents by fires, explosion, electric damage, lightning, inclement weather and floods is covered. 

Below are some of the cover options you probably didn't know could be included in a home insurance policy: 

• Pets: regardless of the type of policy home insurance that you have taken out, your dog's civil liability is covered with DKV. Remember that to benefit from this coverage, you must indicate the name of your dog, its breed and its chip number.

   

• Appliance repair: the DKV home insurance the travel and labour costs will be borne if you need to repair an appliance whose guarantee is not in force (devices under 7 years old).

   

• Cover for theft or robbery:  theft of insured furniture and belongings will be covered, as well as damage to locks, doors, windows, floors, etc. The DKV Home insurance policy also includes coverage for theft of cash that may be inside the home, up to the limit specified in the policy taken out.

   

• Home assistance or Handyman Services: some insurance policies offer assistance services, which may include emergency repairs, locksmiths, etc. This can be a great relief in the event of minor unforeseen events that are usually costly. If you're looking for a policy with 24/7 home assistance to take care of any breakdown, installation or home improvement, with a handyman service included our home insurance is your best option.

Without home insurance, both your property and the belongings inside it will be exposed to risks such as fires, floods, theft, or damage caused by natural events like storms, earthquakes, or hail. You also won’t have liability cover, meaning if someone has an accident on your property—such as slipping on a wet floor—or if a water leak from your home causes damage to a neighbour’s property, you will have to cover the costs yourself. 

Plus, many banks require you to take out home insurance as a condition for awarding a mortgage or a loan to purchase a home.

Yes, the home insurance offers additional cover, such as legal defence, allowing you to access legal advice for everyday situations, including tenancy issues, disputes with neighbours over noise or property damage, or problems with compliance with regulations in a residents' association. In addition, if the situation becomes even more complicated, the insurance will also cover the lawyers' fees and legal expenses required to initiate legal proceedings. 

Legal defence also covers legal expenses if you become liable for causing damage to third parties. If someone gets injured in your home and initiates a legal proceeding, the insurance will provide you with the necessary assistance and cover the costs arising from the compensation if you are held liable. 

If your neighbour does not have home insurance and has an incident that affects your property (such as a fire or a water leak), they will be personally responsible for covering the damage caused to your home. If they are unable to compensate you, you could find yourself involved in lengthy legal proceedings.

Furthermore, if an accident occurs in your neighbour’s home and you are injured, the lack of insurance may make it more difficult for you to receive compensation. 

When selling property, you not only have to manage the legal and financial aspects, but also make important decisions regarding the insurance policies you have taken out. 

This means that, in general, you should cancel or modify your home insurance, and the new owner will have to take out their own insurance to protect the property they purchase. It is essential that you notify your insurance company of the change of address before moving.

In DKV Hogar, if the buildings is insured, damage to the electrical equipment, fixed fixtures and lines that form part of the buildings' installations as a result of lightning, short circuit or abnormal electrical current or a power surge will be covered. If the contents are insured, damage to household electrical appliances and accessories that form part of the property insured as contents, caused by lightning, short circuit or abnormal electrical current or a power surge, will be covered. 

DKV Hogar it will cover robbery outside the home that takes place on the insured person or the people who live with him or her, provided that the insured home is your main residence, you have insured the contents thereof and reported the robbery to the police. The disappearance of cash or documents that represent a guarantee of money shall also be compensated.

Despite home insurance not being a deductible expense in the annual tax return in most cases, there are exceptions, especially if you carry out an economic activity at home or rent a property. In these cases, you can include a proportional part of the insurance as a deductible expense in your tax return. You must check your country's tax laws, and if you have any doubts about how to proceed, ask a tax adviser. They will help you take advantage of the available tax deductions available and avoid errors in your annual tax return.

With DKV Hogar, you need not worry, our insurance covers robberies outside the home perpetrated against the insured person or the people living with him or her. If you are robbed and your mobile phone is stolen, DKV will cover the cost of replacing it up to the limit of each policy.

Home insurance does not cover thefts that occur in the car, since it is designed to protect incidents within the home. To protect your car and your belongings inside it, you need to take out an appropriate car insurance.

Our DKV home insurance, from €10.70/month, offers cover for your swimming pool and its fixed equipment for treating, moving and pumping the water, as well as for sport-recreational facilities or ponds and fountains that are made of masonry and the use of which is private.

The answer is yes, but with some important considerations to bear in mind.

Firstly, make sure that the new insurance not only covers the value of the property, but that it also meets the minimum requirements established by the bank. If you do not meet the mortgage's requirements, the bank may have the right to apply additional charges or even take out a home insurance policy for you, which is generally more expensive.

Once you have chosen your new insurance policy, you must notify the bank, so that they can update the mortgage's information. Some financial institutions will ask you to submit a copy of the new policy or to inform them about the changes.

With DKV it is possible to insure your electric scooter in your home insurance. Our policy will protect your vehicle if it is damaged within your home, for example, due to theft, fire or flooding.

What our home insurance would not cover is public liability, i.e. damage that you could cause while driving your electric scooter. In this case, the only way to be covered is to take out a specific insurance policy to drive with your electric scooter. 

With DKV, regardless of the type of policy home insurance that you have taken out, your dog's civil liability is covered. Remember that to benefit from this coverage, you must indicate the name of your dog, its breed and its chip number. (This cover is not available for breeds classified as potentially dangerous.)

With DKV Hogar, the solar panels and their installations will be covered under your home insurance. The capital of the building must be insured in order for the solar panels and their installations to be covered by your insurance.

To avoid underinsurance, the value of the solar panels should be added to the building's construction value to determine the total sum insured for the building structure.